Qatar: budget surplus in last quarter soars 

Qatar has announced a budget surplus of 30 billion riyals ($8.19bn) for the third quarter of 2022, boosted by soaring oil and gas revenues, Reuters has reported. Government figures show that spending in the same period stood at 51.8bn riyals ($14.14bn).

The surplus in the same period in 2021 was 900 million riyals ($246m), the report added.

Total revenues in the third quarter amounted to 81.8bn riyals ($22.33bn), of which over 93 per cent, or 76.3bn riyals ($20.77bn), came from oil and gas. Qatar is one of the world’s largest exporters of natural gas.

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